|
This type of insurance
protects against problems in the title to your property. It focuses
on the past, not the future. It insures you that your interest in
the property will be secure as of the time that interest was acquired.
For example, in the case of an owner policy, you are insured as
of the time of purchase of the property. A mortgagee policy insures
the lender as of the time the mortgage is recorded. Because the
insurance covers against loss by reason of the existence of a title
problem at a particular time, there is only a single premium.
The Law Offices of Fred
V. Peet is licensed by the State of Vermont to sell title insurance.
As agents for Vermont Attorneys Title Corporation, we can issue
both a mortgage policy and an owner policy for your transaction.
We can also prepare the Title Insurance Commitment as may be required
by your lender.
Portions of
this page are reprinted with the permission of CATIC.
The information
you obtain at this site is not, nor is it intended to be legal advice.
You should consult an attorney for individual advice regarding your
own situation.
|
